Newsletter

March 2024

Author

Surya Deepan Elango
March 20, 2024

What is Utila?

Utila is an enterprise-grade crypto operations platform and a comprehensive MPC wallet for institutions.

Utila enables companies to securely manage crypto assets across multiple blockchains, wallets and users on a single platform.

đź“Ł Utila Raises $11.5 M in Seed Funding

This month, we're celebrating a double win! 🎉

We secured over $11.5 million in seed funding from leading VC firms and prominent angel investors, and our transaction volume soared past a staggering $3 billion just in the past 6 months. 🚀

đź“ť Blog: Understanding MPC

There are always new headlines about the latest and greatest technology, but oftentimes the greatest innovations come from concepts that have been around for many years that are contributing to new use cases.

Multiparty computation (MPC) is exactly that. What is MPC?

🚀 Customer Story: Próspera

“Utila addressed all our needs. It stands out as an affordable package that offers unparalleled functionality. Its user-friendly design, access to various dApps, and multi-chain support, have proven immensely valuable for us.

The simplicity of Utila’s policy engine, coupled with its cross-chain and batch payment support, effectively addressed the challenges we encountered with other multi-sig wallets.”

- Daniel Frazee, COO of PrĂłspera

🗞️ Highlights from press

Institutional Crypto Wallet Provider Utila Raises $11.5M, Aims to Facilitate Tokenization Boom

Utila's self-custodial wallet offers a simplified user interface, fast onboarding process and recently added enhanced tokenization capabilities to better serve token issuers, co-founder and CEO Bentzi Rabi said in an interview.

www.coindesk.com/business/2024/03/05/institutional-crypto-wallet-provider-utila-raises-115m-aims-to-facilitate-tokenization-boom

Institutional crypto platform Utila raises $11.5 million in seed funding

Institutional crypto platform Utila has raised $11.5 million in seed funding from NFX, Wing VC and Framework Ventures, among others.

www.theblock.co/post/280621/utila-seed-funding

Utila Debuts Institutional Crypto Platform with $3B in Transactions in 6 Months

The platform enables organizations of all sizes to securely manage digital assets and has raised $11.5M in seed funding from leading investors...

markets.businessinsider.com/news/stocks/utila-debuts-institutional-crypto-operations-platform-with-3b-in-transactions-in-6-months-1033133057

đź‘€ See utila in action!

Curious about Utila? Get a free demo to explore features, discuss use cases and get your questions answered.